Collusion among firms to raise price is rare in monopolistically competitive markets because
a. there are too many firms
b. there are too few firms
c. there is only one firm
d. products are homogeneous
e. price leadership is used instead
A
Economics
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Refer to the above diagram. A shift in the production possibilities curve from AB to CD is most likely due to:
A. an increase in the spending of business and consumers. B. an increase in government purchase of the economy's output. C. an increase in the quantity and quality of labor resources. D. the use of the economy's resources in an efficient way.
Economics
Income per person in the United States is approximately ____ that of Sierra Leone, Malawi, and Niger, three of the world's poorest countries
Fill in the blank(s) with the appropriate word(s).
Economics